Sep 25, 2006

Kemira Expands Scandinavian Water Treatment Chemicals Business

Kemira has signed an agreement to acquire four wholly owned subsidiaries of Parcon A/S: Gropa A/S, Roma A/S, Scantank A/S and SPS A/S. Parcon A/S is a Danish company established in 1980. The revenue of the acquired companies totaled to EUR 21 million in 2005 with 37 people employed. The agreement is subject to the approval of the competition authorities.

The acquired Parcon companies have a strong sales and distribution network in Denmark, offering process chemicals and services mainly for water treatment and surface cleaning applications to a large number of industrial customers, retailers and households.

Main products include caustic soda, hydrochloric acid, sulphuric acid, hypochlorite, ferric chloride, water glass and ethanol/methanol with a total volume of 80.000 tons in 2005 imported and distributed through strategically located sea terminals and processing lines for small packaging and specialty formulations.